After more than 30 years of diplomatic relations, South Korea has become one of Vietnam’s top partners, ranking first in investment, second in ODA, and third in trade. Korean investors have over 9,500 active projects with a total registered capital of nearly US$82 billion in Vietnam. Trade between the two countries increased by 175 times from 1992 to US$87.7 billion last year.
HDBank announced the launch of the “Korea Desk” to provide international standard banking products and services and dedicated advisory support for Korean corporate customers operating or planning to operate in Vietnam. The Korea Desk will contribute to strengthening the trade and investment cooperation of Korean enterprises in Vietnam and promoting trade and investment between the two countries.
Kim Byoungho, chairman of HDBank, said: “The visit by the South Korean President to Vietnam is an opportune time for HDBank to launch the Korea Desk. Through this, HDBank aims to support Korean enterprises operating in Vietnam with more favorable conditions and support Vietnamese businesses in promoting their business with potential partners from South Korea.”
HDBank is expediting plans to open a representative office in the Korean capital Seoul by completing necessary procedures in both countries. Once it opens, it would serve as a direct bridge for HDBank in South Korea and further expand opportunities for trade and investment cooperation between businesses in the two countries. Since 2014 HDBank has been successfully operating the Japan Desk for Japanese corporate customers. With the expansion of this specialized model through the Korea Desk, and plans for the establishment of a representative office in South Korea, HDBank continues to take proactive steps in its internationalization strategy and global integration.
